Cypress Glen V

Key facts from Cypress Glen V's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and throughout)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 2)

Assessments & dues

Initially guaranteed not to exceed $250.00 per quarter (until Dec 31, 1999); then $287.00 per quarter (Jan 1, 2000 to Dec 31, 2000); then $330.00 per quarter (Jan 1, 2001 until turnover). (Section 10.12)

Special assessments

Permitted for unusual, non-recurring, or un-budgeted common expenses. For casualty repairs requiring assessments over 15% of annual budget, a two-thirds vote may be required to avoid termination. For damage less than very substantial, speci (Section 10 (intro), Section 16.2(B), Sec)

Collections & liens

Association has a lien on each condominium parcel for unpaid assessments, interest, and attorney's fees. Lien is subordinate to first recorded mortgages but superior to other liens. May foreclose in manner provided by Condominium Act. (Section 10.8 - 10.10)

Reserves & fees

Amounts budgeted to fund reserve accounts are included in common expenses. (Section 10.1)

Pets

Yes, max 2 small pets of normal domesticated household type (cat or dog). (Section 12.3)

Leasing & rentals

Yes, but only entire unit and in accordance with Section 13. (Section 13 (intro))

Parking & vehicles

Vehicles not in operable condition or validly licensed may not be kept. (Section 12.6)

Architectural approval

Yes, written approval of Master Association and Board required for material alterations, additions, or changes to exterior appearance. (Section 11.5)

Home business

Prohibited, except incidental personal/professional record-keeping and correspondence are allowed. (Section 12.1)

Insurance

Association shall maintain property insurance (all risk) on buildings, liability insurance, automobile liability, and statutory fidelity bond. Optional: flood, directors & officers, medical payments, leakage/seepage/wind-driven rain, ordina (Section 15.3, 15.4)

Use restrictions

Each unit intended to be occupied by one family plus servants and guests as a residence only. No business, commercial activity, or profession may be conducted from a unit. (Section 12.1)

Voting & meetings

One vote per unit; total 24 votes. (Section 4.20)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.